66-30-106 - Incorporation of agreement in instrument of transfer. - Tennessee Statutes

66-30-106. Incorporation of agreement in instrument of transfer.

A ground rent agreement, made pursuant to the provisions of this chapter, may be incorporated into the deed, ground lease, or other instrument of transfer in the following form:

This deed is subject to annual ground rent or charge as follows:

     1.  Date of agreement;

     2.  Parties:

Obligor

Obligee ;

     3.  Ground rent and any future adjustments to it;

     4.  When payable;

     5.  Duration;

     6.  Redemption price, if agreed on.

[Acts 1980, ch. 735, § 1; T.C.A., § 64-3006.]